Maine Broker Fined and Suspended Over Check Disbursement

Soreide Law Group, (888) 760-6552, recently obtained the following summation of information from FINRA’s website under “Disciplinary and Other FINRA Actions, May, 2014.”

Lisa Ann Brislin (CRD #3260935, Buston, Maine)

was fined $7,500 and suspended by FINRA for 30 days for allegedly providing false information on her firm’s internal system on three separate occasions. According to the FINRA report, Brislin said she had verbally confirmed check disbursement instructions with her client, when in fact she had not spoken to her client regarding this matter. Consequently, Brislin then caused her firm to create and maintain inaccurate books and records.

FINRA's findings stated that allegedly Brislin effected check disbursements which totaled $44,600 from a firm customer’s account to an unrelated third-party account. This happened after receiving fraudulent emails from someone who purported to be the customer. The email was sent by an someone posing as the customer who hacked the customer’s email account. The money was fraudulently transferred to accounts this imposter controlled.

According to her firm's policies and procedures, Brislin failed to verbally confirm the transfers with the client. After a financial adviser had contacted Brislin's client, it was then learned that the client had never requested check disbursements from their account.

The firm returned the $44,600 to the client’s account.
The suspension was in effect from April 7, 2014, through May 6, 2014. (FINRA Case #2012034294501)

Lisa Ann Brislin is currently registered with the following FINRA firm:

AMERIPRISE FINANCIAL SERVICES, INC. (CRD# 6363) Registered with this firm since 10/31/2013
16 CASCO ST, PORTLAND, ME 04101

Lisa Ann Brislin was previously registered with the following FINRA firm(s):

UBS FINANCIAL SERVICES INC. (CRD# 8174) - PORTLAND, ME
02/2007 - 10/2013

MCDONALD INVESTMENTS INC. (CRD# 566) - PORTLAND, ME
11/2001 - 02/2007

PRUDENTIAL SECURITIES INCORPORATED (CRD# 7471) - NEW YORK, NY
02/2001 - 11/2001

SALOMON SMITH BARNEY INC. (CRD# 7059) - NEW YORK, NY
02/2000 - 02/2001

This ends the summation of information available on FINRA's website.

Soreide Law Group represents their clients nationwide in arbitrations before FINRA. If you have experienced losses through your broker/financial advisor's recommendations, call a Securities Arbitration Lawyer for a free consultation on how to potentially recover those losses: 888-760-6552.